buysellhold july.23



Banking – Singapore

1Q24 Results Preview: Softer NIM But Resilient Asset Quality


The steep decline in 3M HIBOR could shave off 4-6bp from NIM in 1Q24 as Hong Kong dollar-denominated loans accounted for 11% and 13% of total loans respectively for DBS and OCBC. Singapore banks are expected to deliver steady net profits of S$2,486m for DBS (-3% yoy but +10% qoq) and S$1,824m for OCBC (-3% yoy but +12% qoq) in 1Q24, supported by resilient asset quality. Maintain OVERWEIGHT. Our top picks are DBS (BUY/Target: S$43.25) followed by OCBC (BUY/Target: S$18.15).



Read More ...


Plantation – Malaysia

Mar 24: Higher Palm Oil Exports From Malaysia


Malaysia's palm oil inventory came in lower than market estimates, thanks to strong exports despite production increasing mom. We attribute this to the limited palm oil exports from Indonesia due to lower production and strong demand domestically. We expect CPO prices to continue to be supported as we reckon that inventory in Apr 24 would remain low and supply tight in the market. Maintain OVERWEIGHT. 



Read More ...



Elite Commercial REIT

Broadening investment strategy


■ ECR expanded its investment mandate to include living sector properties.

■ The mandate expansion would enable ECR to future-proof and grow its portfolio, with an initial focus to extract value from its existing assets.

■ Reiterate Add rating, with an unchanged TP of £0.38.



Read More ...


Utilities - Overall

NETR policies gaining traction


■ The government announced today that the Energy Exchange Malaysia (ENEGEM) has now been officially established.

■ This further adds to the good progress being made on initiatives under the NETR, which should help address investors’ qualms on its implementation.

■ Maintain Overweight on Malaysia Utilities.Top picks:Tenaga, YTLP, Malakoff



Read More ...









You may also be interested in:

You have no rights to post comments

Counter NameLastChange
AEM Holdings1.840-0.020
Best World2.480-
Boustead Singapore0.950-0.005
Broadway Ind0.1450.005
China Aviation Oil (S)0.865-0.005
China Sunsine0.390-0.005
Delfi Limited0.875-
Food Empire1.120-0.010
Fortress Minerals0.310-
Geo Energy Res0.3000.005
Hong Leong Finance2.420-0.010
Hongkong Land (USD)3.4200.010
ISDN Holdings0.300-0.005
IX Biopharma0.039-0.004
KSH Holdings0.245-
Leader Env0.049-
Ley Choon0.055-0.001
Marco Polo Marine0.068-0.003
Mermaid Maritime0.1350.002
Nordic Group0.305-
Oxley Holdings0.0900.001
REX International0.124-
Southern Alliance Mining0.480-
Straco Corp.0.490-
Sunpower Group0.230-
The Trendlines0.063-
Totm Technologies0.019-0.002
Uni-Asia Group0.810-0.035
Wilmar Intl3.160-
Yangzijiang Shipbldg1.750-0.020

We have 501 guests and no members online

rss_2 NextInsight - Latest News